HomeMy WebLinkAbout01-2792 COMMONWEALTH OF
PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1, 2001
Whereas, the FEDERAL INSURANCE COMPANY, located at Indianapolis, IN, has filed in this
Department a certified copy of its charter and a detailed statement of its Assets and Liabilities,
and otherwise complied with the requirements of Section 661 of the Act of Assembly of the Commonwealth of
Pennsylvania, entitled "An act relating to insurance; emending, revising and consolidating the Law &c.,"
approved the 17th day of May, A.D. 1921, as well as with the requirements of the laws of this Commonwealth
applicable to such company in doing business herein.
Now Therefore, I, M. Diane Kokenz Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as act
No. 373 of the Laws of 1923, that the Federal Insurance Company, of Indianapolis, IN, is duly authorized to
become and be accepted as sole surety on all bonds, undertakings and obligations required or permitted by law
or the ordinances, rides or regulations of any municipality, board, body, organization, or public officer.
In Witness Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
Insurance Commissioner
FEDERAL INSURANCE COMPANY
STATEMENT OF ASSETS, LIABILITIES AND SURPLUS TO POLICYHOLDERS
Statutmy Basis
DECEMBER 31, 2000
(in thousands of dollars)
LIABILITIES
AND
ASSETS SURPLUS TO POLICYHOLDERS
Cash ........................................................... $ (119,636) Outstanding Lesess and Loss Expenses ..... $ 6,351,035
United States Government, State and Unearned Premiums .................................... 1,991,909
Municipal Bonds ...................................... 7,196,780 Provision for Reinsurance ............................ 71,958
Other Bonds ........ . ........ 1,733,846 Other Liabilities ............................................. 460,512
Stocks ......................................................... 261,059
Short Term Investments .............................. 64,539
Other Invested .Assets ................................304,194
TOTAL INVESTMENTS ........................... 9,440,782 TOTAL LIABILITIES ................................... 8~875~414
Investments in Affiliates:
Pacific Indemnity Company ...................... 533,000 Capital Stock ................................................ 20,980
Executive Risk Indemnity Inc ................... 306,193 Paid-in Surplus ............................................. 672,878
Great Northern Insurance Company ........ 136,978 Unassigned Funds ....................................... 2,798,283
CC Canada Holdings Ltd ......................... 98,109 Unrealized Dep~ciation of Investments ...... ~
Chubb Insurance Company of Europe ..... 61,383
Vigilant Insurance Company .................... 54,770 SURPLUS TO POLICYHOLDERS ............ 3,394,917
Other Affiliatas .......................................... 280,416 -
Net Premiums Receivable .......................... 638,320
Other.Assets ...... 720 380
TOTAL LIABILITIES AND SURPLUS
TOTALADMI'I'TEDASSETS .................... $ 12,2._____70,331 TO POLICYHOLDERS ........................... $ 12,270,331
Investments am valued in accordance with requirements of the National Association of Insurance Commissioners.
Investments valued at $37,141 are deposited with government authorities es required by law.
~ A CORRECT STATEMENT:
Public. Stats of New.tomey
No. 2231647 Aseistant Secretary or Attorney-In-Fact
0ammissiop Expires Oct 28. 20(14